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The 2020-21 bull market broke records in the cryptocurrency industry. Even though 2022 has been a challenging one, the recent dip in crypto valuations makes now an ideal time to buy.
If you're trying to scope out the best Web3 coins for 2023 and beyond, this article has you covered. Keep reading to find the best Web3 coins to invest in for the long term in 2023.
Metacade is Web3's first virtual arcade. It's an all-in-one platform that delivers access to many of the hottest GameFi and P2E games in a single, easy-to-access place. Gamers can log into the Metacade to compete against the best players on the planet, game casually with friends, and connect with fellow gamers.
Metacade also opens up many new opportunities to earn passive income in Web3. For example, you'll be able to earn money on Metacade by:
The team behind Metacade even plans to host a job board where Web3 employers can connect with top talent. Metacade's funding intiative, Metagrants, will provide developers with the support they need to build games on the platform, as voted for by the community.
When you put it all together, you get one of Web3's most ambitious and promising up-and-coming projects. There's truly something for everyone to enjoy in the Metacade. Plus, the project is still conducting its presale, so you still have a chance to get in before the hype starts.
At the beginning of the presale, you can get 125 $MCADE for $1. By the end of the presale, this price will have increased to 50 $MCADE for $1. The sooner you get involved the better.
>> You can participate in the Metacade pre-sale here <<<
Chainlink is an infrastructure token that often flies under the radar. However, it can be a great investment moving forward.
If you're not familiar, Chainlink is a price oracle. It's what blockchains and apps use to get real-time data so they can do things like swap tokens for accurate prices, track the outcomes of real-world events, update on-chain tokens that track stock prices, and more.
Many of the top projects in crypto are already using Chainlink, including Aave, Trader Joe, and others. Each of these projects needs to purchase and hold large amounts of Chainlink tokens to get the data they need. As Chainlink becomes more widespread, it's likely its price will increase.
Avalanche is an Ethereum competitor with a unique approach to scaling. It uses a system of subnets to scale instead of layer-2s. These are beneficial because they give projects the ability to create a blockchain that meets their technical specifications without having to generate their own security.
On top of that, Avalanche is emerging as one of the go-to chains for Web3 gaming projects. If that becomes one of the next bull market's top narratives, AVAX's value could skyrocket.
Treasure is a platform that serves as a point of connection between NFTs, GameFi, and DeFi on Arbitrum. It currently has the largest NFT market on Arbitrum by sales volume and already has some solid games up and running.
Arbitrum is emerging as one of the premier Ethereum layer-2s, and Treasure is one of the top projects on it. If Arbitrum continues growing, then Treasure should increase by quite a bit as well.
DeFi Kingdoms was one of the most talked-about GameFi projects on Crypto Twitter during the last bull market. It's a point-and-click RPG title that lets you purchase hero NFTs with different traits and level them up through quests and battling, all while earning passive income.
The project has had a difficult 2022 and the team behind it is struggling to produce updates at the rate that it said it would. But there's a lot to like about DeFi Kingdoms and if the team can get back to excelling during the next bull market, this project could do extremely well.
Uniswap is a project that almost needs no introduction. It's the first major decentralized trading protocol and one of the most widely-used applications in the entire cryptocurrency industry.
The trouble with Uniswap has always been that its token doesn't really accrue value from platform usage or fee generation. However, there are signs that this could change in the near future and that the token could start accruing some of the value that the platform continues to create.
If that happens, Uniswap's price could increase significantly during the next bull run. But even if it doesn't, Uniswap has established itself as the premier destination for decentralized trading and that should allow it to perform well during the next cycle.
Like Avalanche, Solana is an Ethereum competitor that stands out with a different approach to scaling. Solana is natively scalable, meaning it can increase its transactions per second without needing layer-2s, subnets, or anything else.
This makes Solana one of the most consumer-ready smart contract platforms in existence. Plus, it also has an active NFT community. This could definitely help it maintain the market share that it's carved out for itself, even as new competitors continue emerging.
Ethereum Name Service (ENS) is another token worth looking into. Ethereum has emerged as the dominant smart contract platform and ENS is its address system. This makes it easier to identify yourself in the world of Web3 and send things to friends.
For example, you could use your ENS name to send a friend $50 for dinner by typing in their address as Bob.Eth instead of a long string of random numbers and letters. If Ethereum continues dominating this market, ENS names could become increasingly commonplace. And when that happens, the value of the ENS token should go up considerably.
Decentraland was one of the biggest metaverse projects of the last crypto bull market and it may still have a good amount of growth ahead of it. The project allows people to buy, sell, and explore virtual real estate that they can also build on. For example, some pieces of land have casinos on them and the owners of those land plots earn revenue from in-game gamblers.
Players are also able to customize their avatars with different in-game wearables and designers can create those wearables and upload them to the Decentraland servers to earn income.
The point is that there's a ton to do in the Decentraland community and that should bode well for the project's token price moving forward. This is especially true as the game continues developing and becoming more polished.
If you're a true believer in decentralization and Web3, then Filecoin is another project you'll want to look at. It's a decentralized file storage platform that lets people store documents, audio files, and videos without relying on a centralized provider like Google.
The value in this is that anything can be stored indefinitely, no matter what kind of content it is. Additionally, people who use Filecoin don't have to worry about their private information being exploited for marketing purposes or leaked without their consent.
As more and more people continue to care about privacy, Filecoin should become increasingly popular. That will be good news for holders of FIL – especially those who begin investing in it before the masses do.
Binance Coin is another project that's worth taking a look at. Binance is the largest crypto exchange in the world. It's also the creator and operator of the Binance Smart Chain smart contract platform, which competes with Ethereum. BNB is the native currency of that platform.
BNB may be worth investing in because of how many people use Binance Smart Chain and Binance as an exchange. In the last bull run, Binance Smart Chain was the go-to destination for launching new projects because it was too expensive to do so on Ethereum.
When the next bull run arrives, investors may see something similar happen. This will bring more people into the Binance Smart Chain ecosystem and all of those users are going to need to buy BNB in order to engage with the chain. That process should add serious value to Binance Coin's market cap.
Each of the coins on this list is one of the best Web3 coins to invest in for the long term in 2023 and beyond. But if you had to choose just one, Metacade's MCADE token is at the top of the list for a reason.
Metacade brings together the best gaming, income-earning, and community-building opportunities in Web3 and makes them accessible from a single platform. It has something to offer everyone – from serious gaming tournaments and prize drawings to passive income through staking and posting content.
No matter who you are or what your goals are in Web3, there's a good chance that you'll be able to meet them through Metacade. It's this massive potential that makes Metacade the top selection as the very best Web3 coin to invest in for the long term in 2023.
Want to learn more?
You can participate in the Metacade pre-sale here.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
